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westgate in london on all of that. japan's economy shrank, first contraction since last year. the data adding to signs of slowing global growth and tensions with china nudging the which i into recession. and yen minute's main oil export pipeline shut after it was blown up in two pieces. local news organizations didn't identify the attackers, but they've been repeatedly sabotaged. finally, iran launched a military drill across half of the country today. government warning it would act again against aggressors. >> where is your jacket? >> i decided in high spirit of rising above to take it off today. but i can't find my pin. >> i'm putting mine on right now. >> it's you saunderstood we're above. p. >> and you're about to talk about corporation news we haven't especially touched on petraeus. maybe we'll sneak that in. >>> htc announcing a global patent settlement and ten year licensing agreement. the deal sends one of the first major conflict of the smartphone patent wars. apple sued accusing the company of infringing on its technology. and citigroup will pay 15.5 million each to former c
important issue was. the economy was way up on top, almost 3/5ths of people said the economy was the number-one issue. the percentage who said that foreign policy was the most important issue was down in the single digits. that is not the driver. foreign policy is usually not the biggest driver. it is worth noting that those voters who said that foreign policy was the most important issue, president obama won that group. host: that made for about 5%. the economy, 59% put that as the most important issue. federal budget deficit, 15%. talk about how the health care law played into voters' attitudes? 18% said it was the most important issue. guest: that is an important thing. almost one in five voters said that health care was the most important issue. the president won roughly three- quarters of that vote. throughout the republican primaries, the issue of obamacare was a huge rallying cry. in 2010, the republicans won some big victories because of anger on the part of conservative voters about the president's health-care law. by the time you get to this election, you see this turnaround were
dead line sets up a stand off with the nation's economy hanging in the balance. a new congressional budget office report predicts a fall off the cliff. could send the unemployment rate skyrockets by the end of next year. with the books on his presidency already being written, but the second chapter yet to be lived, can the president find common ground with a deeply-divided congress and dodge economic disaster? >> it's a huge challenge for president obama, but also a huge opportunity. health care reform in his first term and putting the fiscal house in order for the next four generations as the signature achievement already? >> he's going to have to strike some deals. and he's going to have to make some grand alliances. >> joining me from the white house is kristen welker. explain the footprint we can expect to hear. >> reporter: good morning. i think that the president is going to try to achieve two things. first, to try to set the tone for his second term. your going it hear him make a call for bipartisanship. we heard some of that during his victory speech in chicago earlier this
on the economy could be catastrophic. president obama delivers a big economic speech in about eight hours, and he wants tax cuts for the wealthy to extire. house speaker john boehner drawing this line in the sand. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it can pass the senate. >> white house correspondent brianna keilar is live from washington, d.c. for us this morning. brianna, speaker boehner seemed to be offering the president on olive branch earlier this week when he talked about the possibility of increasing revenue. but here he's taking a hard stance against tax increases. what does that say about the chances of a compromise? >> well, it may actually sound kind of like it's splitting hairs. but it's really two different things where he's talking about increasing tax rates. he says he's not okay with that. but he would be maybe okay, maybe amenable to increasing revenue. to bringing in more tax dollars, because there is a difference. and what he's saying is part of a chorus of conciliatory language that we're hearing from democrats an
an address from the east room of the white house about the economy and reducing the deficit. it is a speech republicans will be watching closely coming up and to the lame-duck session. as reluctant that battle and beyond, we want to hear about your top priorities for the second term. how successful do you think he will be at addressing them? give us a call on the democratic 585-3880.- republicans 202-585-3881. independents 202-585-3882. a very good morning to you. a lot of discussion about the president's second term and what needs to be addressed and the near and long term. we want to hear from you, but we will point out a few headlines. this from "the wall street journal." also from "the washington post." the front page of the commentary section of "the washington times." also, we want to point you to the front page of the business section of "the new york times." a front-page article on the difficult decisions involving the housing market. i want to bring you to the front page of "bloomberg busines sweek." that is a picture of president obama perhaps what he might look like four years fr
of the fundamental question of the internet economy. >> right, it certainly is and again, no one, even in the children, even in the copa context where we proposed before you collect information online from children you have to get parental consent, we don't think, i mean that doesn't stop advertisements for children. it only stops particularly types of information and advertising it back and monetizing that information and soling it to third parties and using it to advertise to children. all it doesn't say you can't collect certain types of information. that is our proposal. we are taking comments. we haven't made up our mind precisely where we're going to go. >> let's sort of talk broadly about a concept of unfairness. so the ftc has a mandate of enforcing deceptive and unfair practices right? >> right. >> traditionally you erred on the side of deceptive. >> well, you know, if you make a commitment to anyone in this room we will in the privacy content we will protect your data and you don't honor that commitment that is deceptive practice. that is an easy thing to understand conceptua
. if we want our economy to flourish and grow we must live up women's leadership. very important. women in the academic world, in health care, any subject you can name. is more successful, more efficient with the involvement of women. when women came to the polls last week, they registered their support for those who understood the challenges that women face. it is really a remarkable thing. under the leadership of the women standing here, the voices of america as mothers, daughters, and grandmothers will be heard. women are the bread winners for our families. in many cases, the small business owners in our communities. and the workers that will spur our prosperity. they're holding jobs of the office, creating jobs as entrepreneurs and owners. we keep our focus on women's rights and health, equal pay, choice, we also know that women are focused on the same issues all of us are -- the economy, jobs, the future of the middle- class and the national security of our country. they are concerned about fiscal soundness for america because they think about the future. as we move forward to deba
the economy. this is video of the campaign release of the president wiping away tears as he thanked young members of his campaign staff in chicago. >> today he's going to talk about the tough situation ahead. automatic tax hikes and severe budget cuts that will go into effect in january it's called the fiscal cliff. the congressional budget office said yesterday if all the taxes and spending cuts take place, tax hikes in spending cuts, it will push the country's unemployment rate above 9% within a year. >> now virginia is planning its own cuts as a result. ko im is live from capitol hill with more. good morning ko. >> reporter: good morning andrea and mike, the next six weeks are crucial. the ticking time bomb as you said set for january 1st. the talks around taxes in d.c.. half a million federal workers, contractors and subcontractors could lose their jobs and d.c. could get hit big as well for metro losing $30 million. possibly. virginia also bracing for the those cuts across the board. the commonwealth has seen a sluggish economy and officials are worried that if a deal doesn't happen,
the only democratic candidate running on a record of a weak economy and debt crisis that we face and still win. yet, he did. they did very many things that were right. you can point to a couple of things with mitt romney. he may not have been the perfect candidate for 2012 given his corporate turnaround background, secondly, he did not get something republicans have counted on and that is the white working-class voters. in states like ohio, the ads attacking mayor romney as a corporate raider and buccaneer that went on for many months put on by the obama campaign seemed to work. the white working-class vote did not turn out for mitt romney in the numbers he needed. host: you had a piece yesterday, "the survivor in chief." you know to that they expose the myth of the enthusiastic democratic voter. guest: it was a myth i subscribe to for a while. i am sure you read about this over and over again. the democratic voters were dispirited and they were not feeling enthusiastic about the campaign. it was the conservatives and republicans fired up and getting ready to go. the notion was, he would h
an islamist problem per se. the other issues the economy is very important. we tend to look at the question and focus on the question of cheri and women's rights which is an important aspect but also the economy is very important. a lot of economic issues and social economic problems that are concealed in economic terms but are fundamentally questions of women's rights and women's empowerment and talking about the problem of the informal sector and a considerable portion of the population that have no labor protection. the biggest people hurting the most from this reality are actually women. it is not exclusively a question of what cheri at --sharia has to offer. whether they have to say about the question of women's rights which is important aspect but not the only aspect. >> their security sector reform mentioned, we could get into that. let's do tunisia and libya and may have some broader observations on this issue because you have been working on egypt and libya as well. or did you have any -- >> in tunisia the issue of women's rights is a large issue. certainly tunisian have prided th
with regards to not hurting the economy as much. it is when we are slowing that this really hurts. >> well, i think wall street isn't buying this infomercial. judging from had today's losses and 700 points worth since the election either they want that money back guarantee or they don't want the money, period. >> i think that's it. i think they don't want the money, period. i think they want simplicity. i think they want cuts on the tax rates. but maybe an elimination of loopholes. things to sim plaw fight the code and -- simplify the code and make it clear that all of the money will be taken away and spent in other places that again the government says they know better about. so that is really the issue here. we aren't seeing any clarity on. >> have you been a wonderful contestant. thank you as always. >> accept my parting gifts, thank you. >> will this number though stop this one? the first number is how many people were lining up last week for first time jobless benefits? 439,000, well above estimates. hurricane sandy blamed for a bulk of it. it shows the whichy is still not heading in the
and hopes house republicans hold their ground. >> student compromise is driving the economy down. and they need to work on government reform at all levels. >> time for the guys to reach a compromise here, if congress fails to reach an agreement soon, a tax hike and drastic spending hikes will take affect on january 1. leaders of both parties reaching out on capitol hill. we'll have that development in the second half hour. >> stocks suffered their worst one day loss of the year. the dow dropped and investors looking past the election and focusing on big problems ahead in europe and potentially in washington. cory johnson will join with us a parkt recap in about 10 minutes.. >> now, to the elections over. has outlook changed in silicon valley? >> abc 7 news david louie checks on the pulse of the local economy. >> happening now, i'm david louie. the electric was yesterday, but today a kind of referendum held on wall street. investors selling off in such a way it could impact everything from solar energy companies to cloud-based companies. ash wagner has a small solar company with s
for our economy and for our place in the world, either bilateral agreements, multilateral commitments, you were always there to make sure that we moved forward in that and i really thank you and i do rise in support today of this rule and h.r. 6156, to grant permanent normal trade relations to russia. . this important legislation is a small step towards a big reward. without it the united states exporters and service providers will continue to lose business to our foreign competitors that have already have trade relations -- relationships with russia. and once we lose those markets, our competitors will only become stronger and better positioned to surpass the u.s. in a critical marketplace of the 21st century global economy. according to the national association of manufacturers, russia imported over $500 billion in goods last year, and of that total only 5% came from u.s. exports. this bill will lift outdated policies and restrict american access to russian markets. as a result studies show u.s. producers can expect to achieve double-digit increases over the next decade in exports of hea
has been with the eu. as they faulter we have to consider the impact this may have on our own economy. jon: on the hill they call him dr. no, fiscal conservative senator shaun coburn maintaining his position against federal spending programs. he kicked off his programs for $68 billion in cuts. steve centanni live in washington. tell us about this report, what is in it. >> the report on spending in the department of defense is called the department of everything, and recommends specific cuts over ten years in five main areas of concern. the report says in part, these areas are merely a starting point for reviewing pentagon spending that is unnecessary, duplicative, wasteful or simply not related to defense. we must refocus the pentagon on its true mission, fighting and winning the nation's wars. the report highlights waste in dozens of specific programs, they include research on what fish can teach us about democracy, a study of jargon used on twitter and how it differs across the country. a reality cooking show featuring grill sergeants. a so-called starship project that included a di
it gets us to sea level. the economy is coming back. we can see a brighter future. over time, we can reinvest in education, reinvest in higher education, social services. but it's not happening tomorrow and it's not happening the next day. >> so what everybody's wondering, will our taxes be raised within the near future, the next year, two years? >> well, voters decided that taxes will be raised, of course-- >> besides prop 30. >> beyond prop 30? that's not where we're going to be focusing. there are other things that we can do with a two-thirds vote threshold. a lot of the dysfunction that appears from sacramento is because the majority has not had the authority to do its job. with a two-thirds vote threshold, without a two-thirds majority, the minority can literally veto what the majority wants. now the majority can do these jobs. >> it's a little evasive. we're saying not taxes, at least not now. what are the other things you think are going to be on the table? >> fiscally related, we can look at tax credits, tax expenditures, tax loopholes, mostly benefiting corporations. they ca
people is the wrong prescription, given where our economy is. >> reporter: but raising taxes on the wealthy was a central issue of president obama's campaign. he talked about it in every, single campaign speech. >> the wealthiest americans got tax cuts. tax cuts. try a tax cut. another trillion dollar tax cut that favors the wealthy. >> reporter: in her exclusive interview thursday, diane sawyer pressed the speaker on that. >> 60% of the voters have said that they are ready to raise these taxes. they are ready to have the wealthier americans pitch in here. >> i said yesterday that raising tax rates is unacceptable. >> reporter: the looming fiscal crisis has already affected financial markets, helping drive the dow below 13,000 for the first time since september. if a deal is not struck, virtually every american taxpayer will see a substantial increase in their taxes starting january 1st. during the last negotiations, speaker boehner's hands were tied because tea party conservatives opposed compromise. here's what he told george back then. >> there's no daylight between the te
, a sluggish economy, and powerful pro romney superpacs. now comes the hard part for the president, getting past what some call that second term curse. joined by "washington post" editor, pulitzer prize winner david marinis. good afternoon to you, sir. >> great to be with you, craig. >> you write in some detail about precisely how the president spent election day and election night. we know he played basketball. we just heard a few moments ago from one of the guys he played with. >> that's right. >> how confident was the president when the tallies started to come in? >> well, he was very confident in his staff, was remarkable. and they were telling him that everything was solid. so there is always a minor, you know, fear in the back of your head. but he knew he was going to win. >> one of the criticisms of the president's campaign at least was that it lacked details of his goals and how he planned to achieve them. did the voters wednesday morning actually come away knowing the president's agenda for a second term, the you think? >> well, he described three major things that he wants to do.
of not reaching a deal would be devastating to the u.s. economy but they don't have a lot of time here. >> no, they don't. the president spoke on this today, not mentioning what was going on behind the scenes with the cia. consider the timeline here. there are only 53 days now left for congress to get to work and get this deal done in order to raise the debt ceiling this year congress put this countdown clock in effect and it has now unt january 1 to get it done. if nothing gets done, your payroll taxes could go up. the bush era income tax cuts would end and 449,000 defense industry jobs across virginia, maryland and d.c. could face layoffs if these automatic pentagon cuts are allowed to go forward. at the white house this afternoon the president spoke in front of what the administration called average americans. those special era tax cuts would expire. add to that deep spending cuts that will kick in. all of this has economists warning tonight of a double dip recession and possible rise of the unemployment rate up to 9.1%. >> the american people are looking for cooperation. they are looking
the least positive impact on our economy. >> reporter: what is important to remember about that is almost two years ago, the president flatly said he was not going to go along with extending bush tax cuts for families making more than $250,000 a year. the president was asked again today. he said listen, that was a one- time situation. the president's words, the country is in a much different place economically, he said, than it was then and keep in mind, the president is not facing voters ever again, will. so this is a situation where the president said this time he means what he says, and we're going to have to see the next six weeks whether he backs it up. >> all right, tom fitzgerald, thanks for the update. shawn. >>> within five years, d.c. hopes to create 100,000 new jobs and bring in more than $1 billion in revenue. it's a big goal and big number. is it possible? if so, will the jobs go to locals who need them? fox 5s matt ackland has more on d.c.'s economic equipment strategy. >> reporter: the sweet sound of construction can be seen all over the district. all you have to do is look
they could cripple the economy and trigger another recession. just a few hours from now, president obama underscores the urgency at the white house. his remarks could set the tone for upcoming negotiations with republican lawmakers. christine romans shows us how your money is in play. is your paycheck about to shrink? brianna keilar, three days after a bitter election, is either party really ready to budge? christine, nearly every american has money riding on this outcome, right? >> absolutely. the overall american economy does, too. let's talk about what the fiscal cliff is. starting in the beginning of the year because of a deal the congress did last year to raise the debt ceilings, all these things will go into play at the same time, big spending cuts, bush tax cuts expire, minimum tax cut goes away, payroll tax holiday goes away, unemployment benefits extension. whole bunch of things. middle income households making, say, $50,000 a year would see their tax bill rise $2,000. $2,000 for the year. immediately your paycheck, you would notice a change there o r overall, certainly in what
-called fiscal cliff we've been hearing about. that could plunge the economy back into resection. the president will be asking congressional republicans and democrats to work together to tackle the fiscal problems. he will be speaking from the white house 10:00 our time and you want to stay with abc7 morning news at 6:15 we go live to washington, d.c. for a preview of today's remarks. >>> traffic and weather together, next. here's a live look outside, golden gate bridge, looks like there might be a little mist nothing like the storms we had overnight. meteorologist mike nicco will tell you where those storms are going using live doppler hd. >>> also ahead, alaska airlines debuts a new fleet of aircraft. [ unintelligible ] >>> welcome back. one shower moving through the heart of san jose heading towards lincoln and almaden sliding to the south and east you can see it is going to head down 101 possibly to morgan hill as it heads into the higher country it is going to produce snow we talked about hail possible this was from hayward last night at about 1:50 in the morning this is from castro valley
or the other on this issue until the economy started going south in 2008. >> hockenberry: was that an opportunity to push back on climate change, the recessio >> it sure was. >> i'm tim phillips, president of americans for prosperity. we're here in billings, montana. >> hockenberry: what part did you play? >> we certainly did tv ads, radio ads, social media. we did rallies, events, we launched something we called hot air. and we're sending a message to senator baucus and senator tester to vote no on this job-killing, tax-increasing cap-and-trade. we got a hot-air balloon, put a banner on the side of it that said, "cap-and-trade means higher taxes, lost jobs, less freedom." and we went all over the country doing events and stirring up grassroots anger and frustration, concern. >> cap-and-trade will slow the economy and cost american jobs. >> hockenberry: americans for osperity's wl-financed campaign was an aggressive one. ads that went after cap-and- trade policy... >> america can't afford the cap-and-trade tax. >> hockenberry: and said the science was a hoax. >> congress
can give our country a stronger, healthier economy. a stronger economy means more revenue, which is what the president seeks. >> this isn't something that i'm going to draw the lines in the sand, he's not going to draw any lines in the sand, i don't believe, and i think we need to work together. >> the president will also have to contend with a major staff shake up. secretary of state hillary clinton and treasury secretary tim geithner have both said they're ready to move on, and there are also indications that mary schapiro will follow suit as well. dan lothian is following all these developments. good morning, dan. >> reporter: good morning. that's the game, i guess, that's played every time you have transition, every four years or so, inside washington. you start talking about what names will be replacing those who will be leaving. nothing official from the white house on this kind of movement, but one of the names that's been thrown around, senator john kerry, who helped the president prepare for the debates, has been talked about possibly going to state. there are other name
and on current tv. >>oh really? >>"if you ever raise taxes on >>the rich, you're going to destroy our economy." not true! >>i jump out of my skin at people when i'm upset. do you share the sense of outrage that they're doing this, this corruption based on corruption based on corruption. >>i think that's an understatement, eliot. u>> i'm not prone tot. understatement, so explain to me why that is. i think the mob learned from wall st., not vice versa. >> chatting with you live at current.com/billpress, this is the "bill press show". live on your radio and current tv. >> bill: 25 minutes after the hour. one nice thing about this election, maybe we'll never see dick morris again on fox news. do you think maybe? >> i think he's going to get a raise on fox news. you think now they're going to care about people getting it right? they'll have him back. they already had him back yesterday. >> bill: really? he's such a clown. media matters for america put out all of the different predictions. his flat-out predictions that he made in this election cycle
at what took place between laura ingram and ann coulter. >> if mitt romney cannot win in this economy, then the tipping point has been reached. we have more takers than makers, and it's over. >> i'm sorry, and this is going to sound cruel. some of the times, i didn't feel like he was connecting with the material. i think you have to connect with the material. maybe it's people who have actually been in the trenches for decades, not someone who just was a success in business. >> right now, we see these people on the right trying to gain their credibility back, kind of throwing him under the bus. shouldn't the party get out of its conservative talk show host bubble and come up with real solutions? is because as a country, americans are facing real problems right now. there's not within the republican party. we do have real problems at home. >> what you're seeing is republicans are having this debate internally about was it mitt romney's fault, or is it our overall demographics and party fault? i would say it's both. if you look at the demographics, there's no reason the republicans shou
economy. >> the president also making clear that he has susan rice's back. that's his ambassador, the embattled u.s. ambassador to the united nations. initially she said that that september 11th attack on the u.s. consulate in benghazi began as a spontaneous protest against an anti-islam film. well, now two top-ranking republicans are vowing to block her nomination if, in fact, she is picked to be the next secretary of state. that had the president very anger. here's what he said. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. >> white house correspondent dan lothian is in washington, d.c., this morning. let's start first, dan, before we get to the ambassador, the embattled ambassador, let's start with taxes. >> well, yes. you know, republicans pushing back on the president yesterday, because they don't want to see taxes raised, even on wealthy americans, because they believe that that will stifle economic growth and will hit those people who are the job creators. at the same time, there does appear to be this willingness to
. >> a stronger economy means more revenue, which is exactly what president is seeking. >> they should start by making sure that taxes don't go up on the 98% of americans making under $250,000 a year starting january 1st. this is something we all agree on. >> reporter: both remain head strong on their views on tax reform. >> we have to combine spending cuts with revenue and that means asking the wealthiest americans to pay more taxes. >> 2013 should be the year to begin our debt through tax reform and entitlement reform. >> reporter: if no agreement is reached, middle class americans could see a $2000 increase on taxes and the unemployment rate could jump back over 9%, spiraling the economy to another recession taxes related to obama's health care plan will be corrected. according to baron, over 1000 government programs will experience, quote, deep automatic cuts. with the fiscal deadline rapidly approaching, many economists ask, can the feat be accomplished in the time frames? >> what both parties need to do is stop the part son politics and go together and not leave the negotiating table u
is the wrong prescription, given where our economy is. >> reporter: is it on the table to talk about? wealthier americans pitch in here. >> i made clear yesterday that raising tax rates is unacceptable and it couldn't even pass the house. putting increased revenues on the table, but through reforming our tax code. and i would do that, if the president were serious about solving our spending problem. and trying to secure our entitlement programs. the president and i have had various conversations. i'm confident that he and i can find the common ground necessary. >> reporter: so, you will talk about it, even if you believe it's the wrong approach, you'll talk about it. >> of course we'll talk about it. we talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows me. he knows that he and i can work together. the election's over. now it's time to get to work. >> reporter: and the speaker seemed confident that after this election, tea party members will be supportive of getting work done. so, i asked, will he still repeal o
's statement will address the action needed to keep our economy growing and reduce our deficit. he will not suggest a plan. he will say lawmakers, you guys come up with something. >> brian: he goes weneed to raise taxes because the nation needs a thriving middle class. >> steve: he's said that all along. >> but john boehner said some analyst thought change slightly. he said the tax hikings are unacceptable . however, he said that he may be open to tax revenue come is a different way of saying bringing in more taxes and listen to his latest interview on abc. >> raising taxes on small business people is the wrong prescription given for our economy. >> is it on the table to talk about. >> i made clear that raising tax rates are unacceptable and frankly couldn't pass the house. putting revenues on the table and reforming our tax code and i would do that if the president were serious about solving our spending problem and trying to secure our entitlement program. >> brian: going to sit down and talk. but he's saying short term for now and wait for the new congress to get settled in and
a big speech about the economy. one of the main components of the president's spending plan is higher tax rates for the wealthy. that's something that house speaker john boehner doesn't seem to be buying. listen. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. i'm not sure it could pass the senate. >> without a budget compromise, drastic cuts amendmently kick in. that, of course, could send the economy spiraling back into a recession. white house correspondent brianna keilar is live for us this morning from washington. john boehner was the guy who said he didn't think a lame duck congress could do big things. what can be done in the next, what did i say, 53 days? >> well, maybe finding some sort of stopgap measure. some sort of framework on tax reform, soledad. i think that's the goal here. the fact is, house republicans and president obama and senate democrats, they don't really have a choice. they have to do something, and that became very clear yesterday when the cbo put out a report showing that if the country goes over the fiscal cliff you're
to add more jobs to the economy. >>> the edge on virginia, even before he returns to the white house president obama said there was work to be done to help alleviate the long lines people stood in to vote. some prince william county voters waited as long as four hours after the polls closed. fox 5's karen gray houston back from manassas where election officials are considering some changes. >> when the polls closed at 7:00 in some precincts like the river oaks precinct at potomac middle school, many voters were still standing in line and they stayed in line until as late as a quarter to 11:00 to cast their votes. well, members of the county electoral board agree with president obama that is way too long. >> 6:15. >> reporter: the day after the electoral board is going over ballots to certify the result of tuesday's election which may take a couple days. >> this is where we go from the unofficial results you received last night to the official results that will show up on the state board of elections website in a few days. >> reporter: but fresh in everybody's minds are the long lin
. >> they are more aware that it's important for our economy growing the economy, and to put your money back in your local community. for every dollar you spend in alexandria, it almost entirely stays here. >> a lot will be willing to stay at home and deal with for the -- and deal with the cyber monday deals. the big box national stores could be open already at 8:00. some stores will try to rival that and open even earlier. back to you. live from alexandria, natasha barrett, abc7 news. >> just go ahead and get your shopping over with. an air bag problem has prompted the recall of the grand cherokee and liberty model years 2002-2004. the national highway transportation and safety administration have found they can go off without warning. 215 incidents have been reported. chrysler says they will fix the problem at no charge. "still ahead, it turns out bullying is not just between students. in this video, students cnet bullying a teacher. >> what is being done for the thousands still without power after sandy? >> the future of some d.c. >> you are watching abc7 news at 5 with leon harris, allison starl
and the president act. i'll tell you what falling off that fiscal cliff could mean for you and the greater economy. >>> a massive recall from toyota. millions of cars called in because of a steering problem. what you need to know. >> among our guests today, new york congressman steve israel will be joining us. newt and callista gingrich. author kitty kelley. pennsylvania congressman allyson schwartz. patty murray is with us and director oliver stone. it is wednesday, november 14th. "starting point" begins right now. >> look at me i'm whistling our theme song this morning. you're watching "starting point." the scandal, and it's spreading, is now engulfing two four-star generals. there are some new details about the woman who is at the center of it all. her name is jill kelley. she is described as a tammpy socialite. she first reported she's anonymous harassing e-mails to an fbi agent friend, and that ended up triggering an investigation. those e-mails eventually turned out to be sent by paula broadwell. that would be david petraeus' biographer. and eventually turned out his mistress, as well. we me
challenge is avoiding the double hit to the economy of tax increases and automatic spending cuts nope as the fiscal cliff. >>> another issue congress wants to know about are the details surrounding the resignation of cia chief david petraeus and at tax on the u.s. consulate in libya. >>> the top -- >>> great economic news could be on the horizon. >> our country could be energy independent in the near future. ainsley earhart explains. plains. thrrt. clearly we are having issues with that story. we'll try to get that to you coming up in just a bit. >> let's talk about sports just a little. bryce harper, everybody remembers him, he has been named the national league rookie of the year. he hit 270 last season with 22 home runs. he knocked in 59 runs and he did it after missing the first month of the season. angels outfielder mike trout won the al rookie of the year. manager of the year awards will be named today and the nats skipper is one of the finalists. >> we still have plenty ahead. weather, traffic and all your top stories. >> fox 5 morning ne
businesspeople is the wrong prescription given where our economy is. >> is it on the table to talk about the wealthier americans pitch in here. >> i said yesterday that raising tax rates is unacceptable and, frankly, it couldn't even pass the house. >> you will talk about it even if you believe it's the wrong approach, you'll talk about it? >> of course we'll talk about it. we can talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows this. he knows that he and i can work together. the election's over. now it's time to get to work. >> and ato prove his point, listen to what he had to say about the repeal of the president's health care plan which really has been the goal, it really has. it's been the goal -- it's been the holy grail of conservatives over the past two years. listen to what he said when asked whether he would keep trying to repeal obamacare. >> well, i think the election changes that. it's pretty clear that the president was re-elected. obamacare is the law of the land. >> but you won't be spend
there'll be a war is all these arab spring countries have lousy economies, and they've gotten rid of their dictators and they have new leaders, anti-american leaders, they're going to look for a scapegoat as their economies get worse and worse and worse. what's the scapegoat? israel. and at the same time you've got iran not on an israeli border, but an iran getting on the verge of having nuclear weapons which on a regular, weekly basis says we're going to exterminate the state of israel. now, can israel defend itself? sure, but do they need the united states to help can and resupply? yes. megyn: if egypt were to step in here? officially say the '79 treaty, the deal where we said, all right, we're cool with israel for now, if they say forget about that, how hoop a deal with that? >> then you have another arab/israeli war. we have not had one since 1973. the other thing that's sort of unknown in all of this is the syrian civil war. the worry everybody's always had about syria is not that it's going to implode, but it's going to explode. because all of the factors, all the ethnic gro
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